A lack of supply of some commodity or item; in real estate terms, the scarcity of available properties (supply) tends to lead to an increase in prices if the number of buyers is high (demand).
Related information about scarcity:
- Scarcity - Wikipedia, the free encyclopedia
Scarcity is the fundamental economic problem of having humans who have unlimited wants and needs in a world of limited resources. It states that society has ...
- Scarcity | Define Scarcity at Dictionary.com
Origin: 1300–50; Middle English scarsete(e) < Old North French escarsete. See scarce, -ity. Related forms. non·scar·ci·ty, noun, plural non·scar·ci·ties. Synonyms ...
- scarcity - definition of scarcity by the Free Online Dictionary ...
Insufficiency of amount or supply; shortage: a scarcity of food that was caused by drought. 2. Rarity of appearance or occurrence: antiques that are valued for ...
- Scarcity Definition | Investopedia
The basic economic problem that arises because people have unlimited wants but resources are limited. Because of scarcity, various economic decisions must ...
- Water scarcity | International Decade for Action 'Water for Life' 2005 ...
Water scarcity already affects every continent. Around 1.2 billion people, or almost one-fifth of the world's population, live in areas of physical scarcity, and 500 ...
- Scarcity - Merriam-Webster Online
the quality or state of being scarce; especially : want of provisions for the support of life. See scarcity defined for English-language learners » · See scarcity ...
- Scarcity Synonyms, Scarcity Antonyms | Thesaurus.com
Synonyms for scarcity at Thesaurus.com with free online thesaurus, antonyms, and definitions. Dictionary and Word of the Day.
- Scarcity: A Glossary of Political Economy Terms - Dr. Paul M. Johnson
Note that this technical economic definition of “scarcity” differs greatly from the notion of scarcity as “unusual rarity” that predominates in most ordinary language .